Wages in Cyprus increased to 2222 EUR/Month in the fourth quarter of 2018 from 1824 EUR/Month in the third quarter of 2018. Wages in Cyprus averaged 1802.59 EUR/Month from 2003 until 2018, reaching an all time high of 2296 EUR/Month in the fourth quarter of 2012 and a record low of 1360 EUR/Month in the first quarter of 2003.

Wages in Cyprus is expected to be 1886.60 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Cyprus to stand at 1869.02 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 1961.72 EUR/Month in 2020, according to our econometric models.

Cyprus Average Monthly Earnings of Employees
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Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.00 7.10 16.90 3.00 percent [+]
Employed Persons 379.60 363.10 398.20 135.00 Thousand [+]
Unemployed Persons 33383.00 34728.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.40 2.50 7.80 0.40 percent [+]
Youth Unemployment Rate 20.00 20.00 40.50 7.80 percent [+]
Labour Costs 103.32 86.07 116.33 58.87 Index Points [+]
Job Vacancies 8774.00 7126.00 16194.00 2137.00 [+]
Wages 2222.00 1824.00 2296.00 1360.00 EUR/Month [+]
Population 0.86 0.85 0.87 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Labor Force Participation Rate 63.10 62.00 64.70 55.50 percent [+]
Part Time Employment 40.20 38.60 50.00 15.80 Thousand [+]
Productivity 106.50 108.30 109.70 75.90 Index Points [+]
Wage Growth 2.90 2.90 7.10 -3.40 percent [+]
Employment Change 0.80 0.90 1.70 -2.50 percent [+]
Employment Rate 69.20 69.50 71.50 60.90 percent [+]
Full Time Employment 354.90 356.80 356.80 257.80 Thousand [+]


Cyprus Average Monthly Earnings of Employees

In Cyprus, wages are benchmarked using nominal salaries. This page provides the latest reported value for - Cyprus Average Monthly Earnings of Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Average Monthly Earnings of Employees - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2222.00 1824.00 2296.00 1360.00 2003 - 2018 EUR/Month Quarterly
NSA




Country Last Previous
Argentina 38242.00 Feb/19
Australia 1225.30 Dec/18
Brazil 2291.00 Mar/19
Canada 25.72 Feb/19
China 74318.00 Dec/17
France 2988.00 Dec/16
Germany 3899.00 Sep/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 316506.00 Mar/19
Mexico 372.83 Mar/19
Russia 45000.00 Mar/19
Singapore 5752.00 Dec/18
South Africa 21190.00 Dec/18
South Korea 3359019.00 Dec/18
Spain 2039.01 Dec/18
Switzerland 6291.00 Dec/18
United Kingdom 528.00 Mar/19
United States 23.31 Apr/19


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